Jakyasar Posted August 25, 2022 Posted August 25, 2022 Hi Plan year is 7/1/2021 to 6/30/2022 Limitation year is plan year. What is the 401k deferral limit? Thanks
Popular Post Bri Posted August 25, 2022 Popular Post Posted August 25, 2022 Still calendar-based, so one could do all 19,500 in the second half of 2021 and all 20,500 in the first half of 2022 to hit a total of 40,000 in non-catchup deferrals all within the same plan year. Lou S., Luke Bailey, CuseFan and 2 others 5
Gilmore Posted August 27, 2022 Posted August 27, 2022 On erisapedia.com/webcasts/ there is a recorded webcast called, "Pass the Catch-Up". I believe it is free for anyone to watch. Derrin Watson goes through a really detailed example of an off-calendar plan year dealing with 402(g), 401(a)(30), catch-up, ADP refunds... If I remember, that example is towards the end of the presentation if you wanted to skip through. Luke Bailey and jsample 2
Jakyasar Posted August 28, 2022 Author Posted August 28, 2022 Thanks for reminding me of the webcast. It was mind blowing.
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